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larry jewelry international (8351) Details

Larry Jewelry International Company Limited, an investment holding company, engages in the design, sale, and retail of jewelry products in Hong Kong and Singapore. It also provides diamond jewelry for wholesalers and retailers in Europe, Asia, the United States, and Canada. The company offers its products under the Larry Jewelry, Eternity Jewelry, and Vera brands. The company was formerly known as Eternite International Company Limited and changed its name to Larry Jewelry International Company Limited in October 2011. Larry Jewelry International Company Limited was founded in 1967 and is based in Central, Hong Kong.

92 Employees
Last Reported Date: 03/31/14
Founded in 1967

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larry jewelry international (8351) Key Developments

Larry Jewelry International Company Limited Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Larry Jewelry International Company Limited reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue was HKD 64,166,000 against HKD 75,396,000 a year ago. Operating loss was HKD 14,157,000 against HKD 5,971,000 a year ago. Loss before income tax was HKD 18,094,000 against HKD 12,108,000 a year ago. Loss for the period attributable to the owners of the company was HKD 17,529,000 against HKD 12,452,000 a year ago. Basic and diluted per share was 0.55 cents against 0.81 cents a year ago. The Group's sales for the three months ended 30 September 2014 were down by 14.9% as compared with the corresponding period last year, primarily due to the downturn of the luxury retail market in Southeast Asia and Greater China and the continued austerity measures implemented by the China government in order to reign in luxury spending and crackdown on corruption. For the nine months, the company reported revenue was HKD 176,515,000 against HKD 206,976,000 a year ago. Operating loss was HKD 36,471,000 against HKD 21,621,000 a year ago. Loss before income tax was HKD 48,463,000 against HKD 39,454,000 a year ago. Loss for the period attributable to the owners of the company was HKD 47,700,000 against HKD 39,672,000 a year ago. Basic and diluted per share was 1.84 cents against 2.75 cents a year ago. The Group's revenue for the nine months ended 30 September 2014 was an about 14.7% decrease, which was mainly attributed to the downturn of the luxury retail market in Southeast Asia and Greater China, and the temporary close of a store in Singapore for renovation in the second quarter of 2014. The loss attributable to owners of the Company was mainly attributable to the reduction in revenue of the Group.

Larry Jewelry International Company Limited to Report Q3, 2014 Results on Nov 12, 2014

Larry Jewelry International Company Limited announced that they will report Q3, 2014 results on Nov 12, 2014

Larry Jewelry International Company Limited, Board Meeting, Nov 12, 2014

Larry Jewelry International Company Limited, Board Meeting, Nov 12, 2014. Agenda: To consider and approve the unaudited consolidated financial results of the company and its subsidiaries for the nine months ended September 30, 2014 for publication and considering the declaration of a dividend, if any.

 

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